Entry-Level Actuary Salary in Franklin, MA: $88,809 (2026)
Quick Answer:New actuaries entering the Franklin, MA job market in 2026 can expect a starting salary around $88,809 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Franklin's local price level (BEA RPP 108.5 — 9% above national), a first-year paycheck buys what $81,852 would in average-cost America. Most reach the city median ($138,785) within a few years of clinical practice.
Based on BLS state-level estimates · View source
For new graduates entering the actuarial profession in Franklin, Massachusetts, the starting salary expectations can be quite promising. In 2026, entry-level actuaries can anticipate a minimum salary of approximately $88,809, which positions them considerably below the city’s median of $138,785. However, this gap indicates a clear growth trajectory; as new actuaries gain experience and achieve initial credentials, they can move to the 25th percentile salary of $103,467 within a few years. With a competitive growth rate of 3.20% annually projected over five years, Franklin represents a favorable market for those embarking on their actuarial careers, particularly for individuals prepared to successfully navigate their initial exams and professional development.
About the Franklin Market
Salary estimated from Massachusetts average ($142,000) adjusted for local cost of living.
Career Earnings Timeline in Franklin
New Graduate
Early Career
Mid Career
Experienced
Salary progression estimated from BLS percentile data. Actual progression varies by employer, certifications, and specialization.
2026 Salary Percentile Distribution in Franklin
Entry-level actuarys in Franklin, MA typically start between $88,809 and $103,467 per year (2026 est.). The full salary range spans $126,308 from the 10th to 90th percentile, with the local median at $138,785 — 3.45% above the national median.
Return on Investment
The average actuarial science program cost in Massachusetts of $92,000 represents just 103.59% of the starting actuary pay ($88,809/year) in Franklin. Most graduates begin earning back their investment from day one, though actual ROI varies based on living expenses, loan interest, and the 2-year opportunity cost of schooling.
Program cost estimates cover bachelor's degree tuition at public and private universities, plus estimated actuarial exam fees and study materials. Employers often cover exam costs once employed.
ASA, FSA Salary Negotiation Tips for New Graduates in Franklin
- 1Research the Franklin market: entry-level actuary pay ranges from $88,809 to $103,467, so aim for at least the 25th percentile if you have strong credentials.
- 2Highlight any additional certifications or specialty training within the actuarial science field — employers in MA often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Franklin, benefits like health insurance, continuing-education allowances, and schedule flexibility can add 20-30% to your effective compensation.
- 4Consider starting with a larger hospital system or multi-site employer in Franklin for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Franklin's moderate cost of living means your starting salary goes further here compared to many larger metro areas.
Actuary Compensation Range
The actuary wage spread in Franklin is $126,308 ( 142.22%) between entry-level and top earners. Starting at $88,809, experienced hygienists can earn up to $215,117.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$71,039
2025 BLS Actual
$86,055
2026 Current Est.
$88,809
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $71,039 | Actual |
| 2020 | $72,320 | Actual |
| 2021 | $69,286 | Actual |
| 2022 | $78,596 | Actual |
| 2023 | $82,561 | Actual |
| 2024 | $93,067 | Actual |
| 2025 | $86,055 | Actual |
| 2026(current) | $88,809 | Estimated |
| 2027 | $91,651 | Projected |
Entry-level actuary compensation (10th percentile) in Franklin, MA grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $71,039 in 2019 to $86,055 in 2025. By 2027, starting salaries are projected to reach $91,651. New graduates entering the Franklin job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Franklin metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Starting Your actuarial science Career in Franklin
In Franklin, various employers are actively seeking entry-level actuaries, making this an opportune time for new graduates. Major life insurance companies like Prudential and MetLife often recruit budding actuaries through college partnerships, offering structured exam preparation and continued education benefits. Health insurers and consulting firms, such as Milliman and Mercer, also present viable career paths, often valuing candidates who demonstrate initiative by progressing through actuarial exams. Holding a relevant degree in mathematics, statistics, or actuarial science, alongside passing initial actuarial exams, can significantly enhance starting salaries. Additionally, individuals should be aware that each exam passed can increase base pay by $3,000 to $8,000, making exam progression a key focus during the first few years. Overall, a strategic approach to obtaining the Associate (ASA) or Fellow (FSA) designations, while also building skills in predictive analytics, will set new actuaries up for success in Franklin’s vibrant job market.
More salary data for Franklin, MA:
Frequently Asked Questions
What is the starting salary for actuaries in Franklin in 2026?
How fast do actuary salaries grow in Franklin?
Is actuarial science school worth it in Franklin?
What do new actuaries make right out of school in Franklin?
How do I become a actuary in Massachusetts?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Massachusetts
Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Entry-level salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The 10th percentile (entry-level) is used as the starting salary benchmark for new actuarial science graduates. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to project current 2026 entry-level compensation in Franklin. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Franklin is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov